Annual report pursuant to Section 13 and 15(d)

Supplemental balance sheet information (Tables)

v3.23.1
Supplemental balance sheet information (Tables)
12 Months Ended
Dec. 31, 2022
Balance Sheet Related Disclosures [Abstract]  
Summary of Inventories

The following table summarizes the components of our inventories:

 

 

December 31,

 

 

 

2022

 

 

2021

 

Raw materials and supplies

 

$

78.7

 

 

$

13.9

 

Work in process

 

 

9.7

 

 

 

3.4

 

Finished products and parts

 

 

161.1

 

 

 

56.7

 

Total

 

$

249.5

 

 

$

74.0

 

Summary of Components of Property Plant and Equipment Net

The following table summarizes the components of our property, plant, and equipment, net:

 

 

December 31,

 

 

 

2022

 

 

2021

 

Machinery and equipment

 

$

1,671.7

 

 

$

760.8

 

Mining property and mine development

 

 

172.1

 

 

 

34.8

 

Office equipment, software and other

 

 

7.3

 

 

 

5.7

 

Land

 

 

44.3

 

 

 

-

 

Buildings and leasehold improvements

 

 

62.0

 

 

 

15.9

 

Total

 

 

1,957.4

 

 

 

817.2

 

Less: accumulated depreciation, depletion and amortization

 

 

(717.1

)

 

 

(464.2

)

Construction in progress

 

 

156.1

 

 

 

10.7

 

Property, plant, and equipment, net

 

$

1,396.4

 

 

$

363.7

 

Summary of Components of Finite-Lived Intangible Assets

The following table summarizes the components of our finite-lived intangible assets:

 

 

Weighted Average Remaining Amortization period (Years)

 

Estimated
Useful
Life (in years)

 

Gross
Book
Value

 

 

Less: Accumulated
Amortization

 

 

Net Book
Value

 

As of December 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

Acquired technology

 

5.2

 

3-10

 

$

130.9

 

 

$

(4.9

)

 

$

126.0

 

Customer relationships

 

2.5

 

4

 

 

77.8

 

 

 

(0.7

)

 

 

77.1

 

Intangible assets, net

 

4.2

 

 

 

$

208.7

 

 

$

(5.6

)

 

$

203.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

Electric frac licenses

 

9

 

17

 

$

22.5

 

 

$

-

 

 

$

22.5

 

Acquired technology

 

3.4

 

7

 

 

5.9

 

 

 

(0.6

)

 

 

5.3

 

Intangible assets, net

 

7.9

 

 

 

$

28.4

 

 

$

(0.6

)

 

$

27.8

 

Summary of Accrued Expenses

The following table summarizes our accrued expenses:

 

 

December 31,

 

 

 

2022

 

 

2021

 

Employee compensation and benefits

 

$

41.0

 

 

$

8.1

 

Sales, use, and property taxes

 

 

20.1

 

 

 

6.0

 

Insurance

 

 

7.4

 

 

 

-

 

Interest

 

 

17.5

 

 

 

0.9

 

Income taxes

 

 

0.7

 

 

 

-

 

Tax receivable agreement

 

 

3.3

 

 

 

-

 

Other

 

 

25.4

 

 

 

7.5

 

Total accrued expenses

 

$

115.4

 

 

$

22.5